India’s fuel consumption will increase by about 10 percent in the next fiscal year from April 1. The oil ministry said the demand for petrol and diesel will increase as the economy improves. According to the revised estimates for the current fiscal year ended March 31, 1921, the consumption of petroleum products is likely to be 21 billion 52.4 lakh tonnes. Crores Rs.
Fast consumption of fuel product in six years
This is the fastest pace of fuel product use in six years. Fuel consumption is likely to increase as the economy exits its poor contraction and industrial activity increases. With more than two months locked down to prevent the spread of the Kovid-19 epidemic, demand has fallen by more than half.
The pandemic has not yet returned to the pre-stage
With the resumption of the economy, demand has returned, but diesel, the most consumed fuel in the country, has not yet returned to pre-epidemic consumption levels. In the April-January period of the current fiscal, fuel consumption fell 13.5 per cent.
The Modi government is considering that petrol can be cheaper up to Rs
LPG demand will increase by 4.8% to 29 million tonnes
PPAC is expected to witness a 13.3 per cent increase in petrol and diesel sales, while jet fuel (ATF) consumption is up 74 per cent. During this period, demand for LPG LPG increased by 4.8 per cent to 29 million tonnes. Petrol sales are projected to be 3.13 million tonnes in 2021-22, while diesel sales will increase to 8366 million tonnes.
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